Greystar is nearing a £500 million deal to acquire 900 build-to-rent units in London from a consortium led by Australia's Lendlease and Canada's largest pension fund. The US real estate giant is in advanced talks to purchase the entire portfolio, which represents a significant expansion of its UK presence. This transaction underscores the growing appetite for build-to-rent assets among institutional investors.

The deal highlights the continued strength of London's rental market, particularly in the purpose-built sector. Build-to-rent has emerged as a key investment theme, offering stable returns and long-term income streams. Greystar's move aligns with its strategy to capitalize on the UK's housing shortage and evolving tenant preferences for professionally managed rental properties.

This acquisition would mark one of the largest build-to-rent transactions in London this year, reinforcing Greystar's position as a dominant player in the sector. The company has been actively expanding its UK portfolio, targeting high-quality assets in prime locations. The deal also reflects broader trends in cross-border investment, with international capital continuing to flow into London's real estate market despite economic uncertainties.